Filmmaker J.J. Abrams and Oscar winner Meryl Streep are teaming up with for a new TV series based on the hot new novel The Nix. First-time author Nathan Hill published this book in late August and it has already become a bestseller. J.J. Abrams is slated to executive produce and he is also expected to direct some of the episodes.

Deadline reports that Warner Bros. Television is finalizing their deal with J.J. Abrams' Bad Robot for the series. The novel follows a woman from the hippie era who makes headlines by throwing rocks at a conservative governor who is running for President. This leads to her estranged son, a professor and failed writer, who she hasn't seen in decades, to seize the opportunity by writing a scathing profile of his mother to get himself out of debt. Here's the official description of the novel below.

"A Nix can take many forms. In Norwegian folklore, it is a spirit who sometimes appears as a white horse that steals children away. In Nathan Hill's remarkable first novel, a Nix is anything you love that one day disappears, taking with it a piece of your heart. It's 2011, and Samuel Andresen-Anderson-college professor, stalled writer-has a Nix of his own: his mother, Faye. He hasn't seen her in decades, not since she abandoned the family when he was a boy. Now she's re-appeared, having committed an absurd crime that electrifies the nightly news, beguiles the internet, and inflames a politically divided country. The media paints Faye as a radical hippie with a sordid past, but as far as Samuel knows, his mother was an ordinary girl who married her high-school sweetheart. Which version of his mother is true? Two facts are certain: she's facing some serious charges, and she needs Samuel's help. To save her, Samuel will have to embark on his own journey, uncovering long-buried secrets about the woman he thought he knew, secrets that stretch across generations and have their origin all the way back in Norway, home of the mysterious Nix. As he does so, Samuel will confront not only Faye's losses but also his own lost love, and will relearn everything he thought he knew about his mother, and himself. From the suburban Midwest to New York City to the 1968 riots that rocked Chicago and beyond, The Nix explores-with sharp humor and a fierce tenderness-the resilience of love and home, even in times of radical change."

The project doesn't have a network home quite yet, but that may change very soon with J.J. Abrams and Meryl Streep involved. The filmmaker has most recently produced small screen hits like Hulu's 11/22/63, Showtime's Roadies and HBO's highly-anticipated upcoming series Westworld. Any one of those networks could be a viable home for The Nix, but we'll have to wait and see.

The Nix will represent a rare TV series turn for Meryl Streep, who has been getting Oscar buzz as of late for her performance in Paramount's Florence Foster Jenkins. Her most recent TV turn was in 2010 for three episodes of Web Therapy. She also starred in the miniseries Angels in America and the documentary series Freedom: A History Of Us.